Markets
Bitcoin (BTC) Drops Again on Fears of Mt. Gox Distributions Selloff
Bitcoin is under pressure again due to concerns about possible sales of the token by creditors of the bankrupt company Mount Gox stock market, a pullback that fuels doubts about the remaining momentum in the cryptocurrency rally that began last year.
The largest digital asset fell as much as 5.2% on Monday before paring some of the swings to trade at $55,800 at 8:30 a.m. in London, about $18,000 below its March record. Smaller tokens such as Ether and XRP also struggled.